Innovative Events

63 Pages Posted: 14 Dec 2017

See all articles by Max Nathan

Max Nathan

University College London; Centre for Economic Performance

Anna Rosso

University of Milan

Date Written: July 2017


Policymakers need to understand innovation in high-profile sectors like technology. This can be surprisingly hard to observe. We combine UK administrative microdata, media and website content to develop experimental measures of firm innovation – new product/service launches – that complement existing metrics. We then explore the innovative performance of technology sector SMEs – firms also of great policy interest – using panel fixed effects settings, comparing conventional and machine-learning-based definitions of industry space. For companies with event coverage, tech SMEs are substantially more launch-active than non-tech firms, with suggestive evidence of firm-city interactions. We use instruments and reweighting to handle underlying event exposure probabilities.

Keywords: innovation, ICT, data science

JEL Classification: C55, L86, O81

Suggested Citation

Nathan, Max and Rosso, Anna, Innovative Events (July 2017). Centro Studi Luca d'Agliano Development Studies Working Paper No. 429, Available at SSRN: or

Max Nathan

University College London ( email )

Gower Street
London, WC1E 6BT
United Kingdom

Centre for Economic Performance ( email )

Houghton Street
London WC2A 2AE
United Kingdom

Anna Rosso (Contact Author)

University of Milan ( email )

Via Conservatorio 7
Milano, 20122

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